LS Cable completes five submarine cable factories, Asia's largest, in Korea

LS Cable, a major electric cable manufacturer, has completed construction of five submarine cable factories in Donghae, Gangwon-do, and is increasing its production capacity for HVDC (high voltage direct current) submarine cables by more than 20% compared to the previous year.
The plant will expand by more than four times. According to the company, it will be one of the largest HVDC cable factories in Asia. Recently, LS Marine Solutions, a group company that manufactures submarine cables, also
The decision was made to invest in a dedicated HVDC cable laying ship, and a turnkey system was established to handle everything from production to construction.
The five new buildings include an additional VCV (Very High Rise Power Cable Production Tower) line.
The HDVC cable market is growing rapidly due to the spread of offshore wind power generation and the increasing demand for long-distance power transmission.
Due to the technical difficulty and the requirement to build a large-scale infrastructure, LS Cable and a few other companies in Europe and Japan are the only companies in the world that can supply this.
An official from LS Cable said, "The global HVDC cable market is expected to grow to approximately 40 trillion won (approximately 4.2958 trillion yen) by 2030.
Along with this expansion of our facilities, we will also be working with LS Marine Solutions to participate in the government-sponsored West Coast HDVC Energy Expressway project."
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